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20121121
20121129
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to reserve is the fiscal cliff. it's a big change for those who swore an oath they would never raise taxes. david curly tells us why they are working on the change. >> with some of the holiday shopping done, president obama may be getting a gift from some republicans. republicans who signed a pledge never to raise taxes. this morning, a leading senator. >> i will violate the pledge, long story short, only if democrats will do entitlement reform. >> he says he won't necessarily abide by the pledge. support from a local house member, too? >> i agree with him. a pledge you signed 20 years ago is for that congress. the world has changed. the economic situation is different. >> they are talking about this man's pledge. americans for tax reform grover norquist who has gotten hundreds to sign. >> do you feel like you and your pledge is under assault? >> no. what the pledge allows elected officials to make it clear to the voters where they stand. are at the they going to be able to raise taxes or continue more of the tame saim. >> he will help fund republican challenges against any member of congr
because she may face a spike in taxes in the new year. fiscal cliff. about half of all small businesses pay taxes at a 35 percent rate. but without a new tax deal the rate would spike to 42 percent. so in addition to not hiring help she is postponing orders for spring merchandise. >> we have had to pretty much stall a bunch of stuff to make sure that it is going to be okay for the next season. >>reporter: does that hurt you competitively. >> absolutely. i think the bigger stores able to carry out the spring lines they get them earlier than we do because we stall them out for so long. >>reporter: small business owners are worried whether they will even be in business next year. isabel is one of them. >> don't want to lose it after 30 years in business. be a terrell thing. we have to support ourselves. a lot of small business owners are single you necessity. maybe they don't have another helping them. >>reporter: small business owner feeling the squeeze of deep discounting by large national chains. some of the chains set up shop on the main streets of the bay area once the do
over a fiscal cliff with a tax hike for everyone on new year's day and spending cuts on federal programs. today some republicans are defying party politics and break ago pledge they made in the name of a sluchlingts jonathan karl explains article of republican faith for decade. no tax increases of any kind, period. behind it all. this man. november quist. considered one of the most powerful men in washington. sentences he worked for ronald reagan in the 1980's he's gotten virtually every elected republican to sign a pledge promising no tax increases. >> taxpayer friendly congress. >>reporter: sign to it help electricityed don't violent it for fear of getting hammered for breaking the word. >> how many of these things have been signed. >> thousands over the years. >>reporter: he keeps them on file. n boehner pledge signed 20 years ago. >> nobody signed this 10 years ago, 18 years ago 20 years ago are they still bound by it. >> no. >>reporter: when you got married did your wife make a promise when you borrowed money to bite house. that mortgage that was 10 years ago. you
Search Results 0 to 2 of about 3